5,329 Palantir Technologies Inc. $PLTR Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 39.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,728 shares of the company’s stock after acquiring an additional 5,329 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Palantir Technologies were worth $3,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC purchased a new stake in Palantir Technologies during the first quarter worth $1,574,111,000. Arrowstreet Capital Limited Partnership increased its position in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after buying an additional 7,678,747 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Palantir Technologies by 1,449.7% in the fourth quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock valued at $937,205,000 after buying an additional 4,932,364 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after buying an additional 4,201,852 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock worth $480,247,000 after buying an additional 2,952,079 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: New banking deployment: Customers Bank will deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) to modernize deposit onboarding. The agreement expands Palantir’s presence in financial services and provides another example of enterprise adoption. Customers Bank collaboration
• Positive Sentiment: Additional aviation software contract: Surf Air Mobility signed its fifth OperatorOS agreement, with Flying Zebra, for software powered by Palantir. Although the direct financial contribution is not disclosed, the deal supports broader commercial distribution of Palantir’s technology in aviation. Flying Zebra contract
• Positive Sentiment: Analyst support: Goldman Sachs upgraded Palantir to Buy from Neutral, while fresh valuation work lifted a fair-value estimate to $205.27 from $195.57. Analysts continue to cite strong execution in commercial and sovereign AI. Analyst fair-value increase
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan ended their legal dispute over a proposed Metropolitan Police contract. Removing the litigation reduces uncertainty, but there is no indication that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation and profit-taking: With a market capitalization near $477 billion and a P/E ratio above 169, investors appear concerned that much of Palantir’s exceptional growth is already priced in. The November 2 earnings report also sets a high bar after nine consecutive earnings beats.
• Negative Sentiment: Notable selling activity: ARK Invest sold approximately $6.3 million of Palantir shares while reallocating funds to other AI companies. Directors also reported sales under pre-arranged Rule 10b5-1 plans, adding to near-term caution. ARK Invest Palantir sale

Palantir Technologies Trading Down 0.9%

Shares of NASDAQ:PLTR traded down $1.90 on Thursday, hitting $199.07. The company had a trading volume of 15,010,451 shares, compared to its average volume of 42,356,574. The company has a market cap of $478.37 billion, a PE ratio of 170.33, a PEG ratio of 2.87 and a beta of 1.60. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The business has a 50 day moving average of $181.44 and a 200 day moving average of $151.35.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Oppenheimer downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Mizuho set a $245.00 target price on shares of Palantir Technologies in a research report on Thursday. DA Davidson lifted their target price on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. Finally, President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $25.50 to $133.00 in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.61.

Insider Buying and Selling

In other news, Director Lauren Friedman Stat sold 5,026 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the transaction, the director owned 46,402 shares of the company’s stock, valued at $9,233,998. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 560,390 shares of company stock worth $97,909,177 in the last 90 days. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Company Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.